NATIXIS: THIRD-QUARTER 2013 AND NINE-MONTH 2013 RESULTS

NATIXIS: THIRD-QUARTER 2013 AND NINE-MONTH 2013 RESULTS
Paris, November 6, 2013
Third-Quarter 2013 and Nine-Month 2013 results
Good results reflecting the commercial dynamism of our three core businesses
Sound foundations for the 2014-2017 new strategic plan
Higher revenues in core businesses
oNet revenues from core businesses rose 10% to €1.597bn in 3Q13 and 6% to
€4.782bn in 9M13
oWholesale Banking: €6.4bn of new financing production in 3Q13, plus growth
in capital markets, particularly in Asia and the USA
oInvestment Solutions: net revenues up 15% in 3Q13 vs 3Q12, fuelled by
Insurance and Asset Management, which posted a record €11.2bn net inflow,
mainly from the US
oSpecialized Financial Services: further growth in Specialized Financing
business with the Groupe BPCE networks (+15% vs 3Q12)
Results improved^(1) in both 3Q13 and 9M13
oNet revenues: €1.771bn in 3Q13, up 7% vs 3Q12, and €5.391bn in 9M13, up 4%
vs 9M12
oPre-tax profit of €1.362bn in 9M13, up 6% vs. 9M12
oNet income (group share) excluding GAPC: €278m, up 10% vs 3Q12, and €883m
in 9M13, up 3% vs 9M12
Operational Efficiency Programme ahead of target
oCumulative cost reductions of €198m as at September 30, 2013, including
€39m in 3Q13
oExpenses were tightly controlled and eased 1% in 3Q13 vs 2Q13
Solid fundamentals to embark on the 2014-2017 strategic plan
oStrong core business franchises, refocused on key clients
oMounting synergies with the BP and CE networks underscore
Natixis'sanchorage within Groupe BPCE
oFurther decline in GAPCassets following €4.7bn of asset sales in 9M13,
including €1.1bn in 3Q13
oContinued improvement in financial solidity: CET1^(2) ratio of 9.9%
under Basel 3
(1) Pro forma of the sale of CCIs and excluding FVA on own debt
(2) Basel 3 impact will depend on final rules - Fully-loaded except on
DTAs
THIRD QUARTER 2013 RESULTS
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